Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or...
Looking at ETHBTC we can see a large triangle or similar to a bullflag This could breakout nicely upwards which I think it will The other scenario however is that this is a top formation and the two squares both indicate points of a double top I am very bullish on Ethereum with Visa's involvement
A little bit ago i posted a TA on ETHBTC and we were trading inside of this descending wedge which is a very bullish pattern and i talked about seeing an upcoming breakout and that is exactly what happened! We are starting to gain some nice momentum coming out of this falling wedge and we are coming up on some very important daily closes for ETH against BTC! We...
Looking at Ethereum vs Bitcoin we see a clear descending wedge which is very bullish in itself and as you can see to the left of our current wedge we had another descending wedge which blasted us upwards once we brokeout. Think we are looking very good overall and wouldn't put it past ETH to pull this off again! We have a very heavy support area below us shown by...
The bullflag positioning (in green) is perfect for a massive breakout to the upside Further than the prior fib level ATH (2.618) Time will show
ETHBTC chart is at major resistance... with a second major resistance right above it. This can mean 2 things: - Bitcoin starts rising faster than Ethereum from here (today we can experence BTC in the green and ETH in the red) - Ethereum starts dropping faster than Bitcoin Most likely the first scenario is on and it makes sense to me that Bitcoin will rise...
ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see...
Bullflag present Also a more discreet inverse head and shoulders present Multiple minor trends pointing to the 1.272 fib level 200MA is really flat and looking to start to curve to the upside Lets go ETH
Ethereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to...
ETHBTC ENTRY AND TAKE PROFITS/EXITS! - This is a strategy for ranges, do your own research and TA before entering a trade, this is NOT financial advise, it is an idea.
3 Bearish Peaks can be observed on the ribbon indicator This lead to a bear run Now 3 Bullish Peaks (based on trend) can be observed on the ribbon indicator. Is this an early indicator for a larger bull run on the BTC pair for ETH? For me it is. Currently price is under 0.786 on the 3rd peak, and should hold above the pattern that has formed, leading to a...
Sitting just above the 1.618 fib circle line within the strongest trend available for ETHBTC go ETH!
I charted this on 20 May and had not looked at it since. What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ? If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future...
On April 21, I told you about this pair. Now the price has gone up 100%. Write in the comments or u bought it? And write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the...
Be careful during these rough times! After the bull target is hit later this year, a big correction will follow just like in every cycle.
Ethereum reached 77000 resistance. Now we have 72000 support below and 77000 resistance above holding from breakout higher to 80000 / 85000. The only question sequence.
Ethereum have reached target zone at 70000-71000 resistance. Market now not clear....too much money from into low grade shitcoins. Bitcoin within rising wedge. In theory breakout above 71000 can take it fast to 77000 resistance. In theory it is all parabolic and so can grow much higher than we can expect at these levels. Will wait for correction.